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Lloyds Metals and Energy shares jump 5.5% on reporting record sponge iron production for FY25
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1 min read | Updated on April 02, 2025, 11:34 IST
SUMMARY
The company reported a 12% drop in Q3FY25 revenue and a 17% jump in the net profit to ₹389 crore as compared to ₹331 crore. The company reported its highest-ever yearly sponge iron ore production, achieving an impressive 3,08,243 tonnes, marking an 18 %YoY increase. Of its total 7 kilns, 6 have recorded the highest ever production and have been operating at rated capacity.
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Lloyds Metals and Energy shares jump 5.5% on reporting record sponge iron production for FY25
The company reported its highest-ever yearly sponge iron ore production, achieving an impressive 3,08,243 tonnes, marking an 18 %YoY increase. Of its total 7 kilns, 6 have recorded the highest ever production and have been operating at rated capacity. Additionally, the company’s Iron ore production remained at 10 mn tonnes, reflecting a peak production considering its EC limits.
In March, the company also received environmental clearance from the Ministry of Environment, Forest, and Climate Change, Government of India (IA Division) on March 20, 2025, for its upcoming 1.2 MTPA Wire Rod Project and 4.0 MTPA Pellet Plant Project, respectively, at Ghugus, District Chandrapur, Maharashtra.
The shares have delivered 7% returns in 2025 to date and have recovered nearly 40% from the March 03 lows of ₹944 apiece on the NSE compared to the NIFTY Metal index, which delivered 10% in the similar period.
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